Essential advice and resources for expat Americans residing in the UK. Discover everything financial from savings to tax efficiency with the HMRC and IRS.
For US citizens residing in or dual nationals living in the UK, maintaining tax compliance with IRS requirements can be confusing. IRS law states that US citizens (even if they live abroad) must report their worldwide income and disclose certain financial assets. This checklist has been compiled to guide you through finding the IRS tax […]
IRS Tax Filing Guide for U.S. Citizens in the UK Read More »
Understanding 401(k) Plans: Key Insights for US and UK Expats A 401(k) is America’s most commonly used defined contribution retirement plan. A defined contribution plan allows employees to save for their retirement through tax-deferred contributions. That means that an employee can transfer a fixed portion of their salary (before taxes) into the 401(k) plan while
US Pension (401k) when living in the UK Read More »
Edale is committed to making investing accessible by removing common barriers, such as minimum investment requirements. This approach allows even new investors to enter the market with ease. However, it’s important for investors to stay informed about the costs associated with different financial products. While no minimum investment can open doors for many, understanding the
US / UK citizens invest without the hurdle of a minimum portfolio size Read More »
As a US person residing in the UK, managing your investment accounts, such as ISAs (Individual Savings Accounts) and SIPPs (Self-Invested Personal Pensions), can be a complex endeavour, especially when navigating the intricacies of cross-border financial regulations. If you’re considering a more streamlined approach to your investments, consolidating your accounts with Edale could be a
Discover how contributing to your pension could be more affordable than you anticipate, thanks to the benefits of tax relief. The government generously provides a basic rate tax relief boost on your contributions, making your pension investment stretch further. For individuals under 75 and residing in the UK for tax purposes, this means significant savings.
Pension Tax Relief Calculator: Maximise Your Savings Read More »
The calculator breaks down the complex U.S. tax reporting rules into manageable questions, making it easier for you to understand your obligations without needing to navigate the intricate IRS guidelines. We have tried to simplify but individual circumstances and important and tax rules may change before we can update this calculator so its guidance only,
Calculator to answer “Do I need to report my ISA to the IRS?” Read More »
In the intricate world of cross-border finance, U.S. taxpayers residing in the U.K. often grapple with the complexities of leveraging Individual Savings Accounts (ISAs) for their financial advantage. Here are some of the common questions we hear/ This guide sheds light on the critical considerations and potential pitfalls of using ISAs for U.S. citizens in
ISAs for U.S. Taxpayers in the U.K: A Comprehensive Guide Read More »
Americans in the UK work in a diverse range of professions. Many Americans in the UK are there on corporate transfers, working for American companies with offices in the UK. There’s also a growing number of American entrepreneurs and business owners in the UK. Given the strong economic ties between the two countries and the
Financial advice for a range of American professionals in the UK Read More »
